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On December 7th, HR 3576, The Spending Control Act was introduced by Rep. John Campbell (R-CA). The intent of the bill is to create a spending policy that requires that the deficit be reduced, not just stopped from growing. It is supported and cosponsored by Budget Committee Chairman Paul Ryan and Representatives Frank Guinta (R-NH), Marlin Stutzman (R-IN), and Todd Rokita (R-IN). The congressmen also argue that since the passage of the Budget Control Act in 1974, Congress has only once completed the entire budget process by the beginning of the new fiscal year. As of this writing, it has been 965 days since the Senate has considered a budget.
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HEALTHCARE:
Increased FY 2015 Spending Almost Entirely Due To Obamacare
â€śFederal spending is growing by more than 8 percent for the first quarter of FY 2015, and Obamacare accounts for nearly the entire increase. In a Sunday op-ed for the Washington Times, economist Stephen Moore claims that, â€śA new Congressional Budget Office report has blown the lid off Obamaâ€™s whopper about health coverage,â€ť namely his claim that Obamacare would reduce the budget deficit. â€śMost components of spending are relatively flat, and national defense outlays â€¦ are falling,â€ť Moore notes, but â€śone area accounts for almost the entire budget blowout: Obamaca...